The Liv-ex Fine Wine 50 closed July down 1.3%, and has continued to slide so far in August, falling 0.4% in the last week. While Bordeaux trade in July was higher than in June – 75.2% compared to 65.5% – the last two weeks have seen activity slow for the region, with it accounting for just 67.9% this week. In terms of engagement on the Exchange, however, numbers are positive: the ratio of bids to offers remains above 0.5, and today saw a new record for total exposure (the value of all bids and offers) as it reached £25.1 million.


Italy continues to be a strong presence. Having taken a record 10.5% of all trade in June, its July share remained firmly above the 2014 average of 5%, and the region stepped up again this week with good activity for Sassicaia 2011. Trading at less than £1,000 per 12×75 the vintage is one of the cheapest for the Super Tuscan, scoring 94 from James Suckling.


While the Rhone and ‘other’ regions saw limited interest this week, Burgundy’s numbers rose as buyers opted for top brands. These included DRC Assortments 1996 and 2007 and Bouchard Pere et Fils, Romanee 2001, which traded at £4,400 per 12×75.